CHFA's Back!

After a few months of "being out of the market" due to the current economic situation, CHFA is back with competitive interest rates and second mortgages for down payment and closing cost assistance. We've clearly heard our lender and realtor partners and potential homeowners asking for a program to help low and moderate income homebuyers.

The CHFA HomeOpener Plus also offers a second mortgage for down payment and closing costs. This second mortgage is for a maximum of 3 percent of the first mortgage and its rate and term mirror the first mortgage. Basically, for less than the cost of a coffee per week, homebuyers have access to affordable down payment and closing cost assistance.

Do you want to learn how to use this important program for your potential homeowners? Attend one of the mandatory lender trainings needed to take advantage of these special programs. Don't delay — sign up now.

For those lenders who are ahead of the game and already have had training, please remember the following:

• Interest rates will change daily. Reservations are accepted from 9:30am to 10:30pm MST. HomeConnection is still available to accept online reservations.
• The new CHFA Seller's Guide is now available online.
• The CHFA HomeOpener and CHFA HomeOpener Plus have new forms. Access the new forms, as well as existing forms for loans currently in process, through HomeConnection.

Watch for more positive changes at CHFA in the near future, changes that illustrate our commitment to our mission, even in this tough economy:

• New programs for refinancing
• An updated program for homebuyers receiving Section 8 assistance.
• A statewide Mortgage Credit Certificate with a zero percent interest, deferred second mortgage for lower income homebuyers.

Stayed connected to CHFA through eNews and frequent visits to our website. We value your business and look forward to serving our partners and Colorado homebuyers.

Please contact the Home Finance division with any questions:

303.297.7376 or 1.888.320.3688 Denver
970.241.2341 or 1.800.877.8450 Western Slope

Thank you,
CHFA Home Finance Team